Yahoo Finance A Victrex plc (LON:VCT) insider increased their holdings by 17% last year
Viewing insider transactions for Victrex plc's (LON:VCT ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for Victrex
The Last 12 Months Of Insider Transactions At Victrex
Over the last year, we can see that the biggest insider purchase was by CEO & Executive Director Jakob Sigurdsson for UK£53k worth of shares, at about UK£18.93 per share. That means that even when the share price was higher than UK£18.01 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Jakob Sigurdsson was the only individual insider to buy shares in the last twelve months.
Jakob Sigurdsson bought 5.80k shares over the last 12 months at an average price of UK£17.65. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Victrex Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data suggests Victrex insiders own 0.07% of the company, worth about UK£1.0m. I generally like to see higher levels of ownership.
So What Does This Data Suggest About Victrex Insiders?
It doesn't really mean much that no insider has traded Victrex shares in the last quarter. However, our analysis of transactions over the last year is heartening. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Victrex stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Victrex. Every company has risks, and we've spotted 1 warning sign for Victrex you should know about.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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